For Creamer Media in Johannesburg, I’m Cameron Mackay.

Making headlines: Mpho Phalatse says her reinstatement is a victory for Joburg residents, South Africa to seek ‘Just Energy Transition Financing Framework’ deal at COP27 and, DA’s alternative MTBPS seeks to establish base for resilient economic growth

 

Mpho Phalatse says her reinstatement is a victory for Joburg residents

Reinstated Johannesburg Mayor Dr Mpho Phalatse said today’s court judgement reinstating her as mayor is a victory for the rule of law and residents of Johannesburg.

Mayor Phalatse was recently stripped off her mayoral position in the City following a motion of no confidence sponsored by ANC coalition partners the African Independent Congress, a day after Cope Councillor Colleen Makhubele was elected as Johannesburg Speaker.

High Court Judge Raylene Keightley said Makhubele was not lawfully permitted to treat DA Councillors as if they had no right to participate in the Council meeting because they had refused to sign the register.

Phalatse will call an immediate meeting of the reinstated Mayoral Committee.

 

South Africa to seek ‘Just Energy Transition Financing Framework’ deal at COP27

Forestry, Fisheries and the Environment Minister Barbara Creecy reports that South Africa will push for the establishment of a people-centred ‘Just Energy Transition Financing Framework’ at the upcoming COP27 climate conference, to be held in Sharm el-Sheik, Egypt, in early November.

Such a framework, she told a pre-COP27 stakeholder consultation meeting in Johannesburg, could support coal phase-down programmes in developing countries, as well as ambitious renewable-energy investments.

Minister Creecy added that the framework would further enable ambitious climate action by developing countries, while making financial flows consistent with the pathway towards low-emissions and climate-resilient development.

 

DA’s alternative MTBPS seeks to establish base for resilient economic growth

The Democratic Alliance presented the party’s Medium Term Budget Policy Statement (MTBPS), which it said was aimed at accelerating economic growth by reforming State-owned enterprises for private investment and relieving the economy of anti-poor policies.

Finance Minister Enoch Godongwana is due to present the MTBPS on Wednesday.

DA Shadow Minister of Finance Dr Dion George explained that South Africa’s post-pandemic recovery had been underperforming on many fronts.

He said the South African economy finds itself trapped in a manufactured self-reinforcing vicious cycle of high government budget deficits, unstable energy supply, declining foreign and local private capital formation, declining levels of gross domestic product per capita, uncertainty on private property rights, poor national and local governance, and a vast poorly run public sector dominated by monopolistic State enterprises.

That’s a roundup of news making headlines today

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